Post
Topic
Board Bitcoin Discussion
Re: Just In: Swiss law maker says "Switzerland needs a Strategic Bitcoin Reserve!"
by
m2017
on 02/12/2024, 16:44:51 UTC
And so the Trump effect is still in the air, this time it is being felt in EU as one member of the Swiss parliament is pushing Bitcoin as a strategic reserved.

In relation toJust In: Brazil’s Congress Introduces Bill To Create Strategic Bitcoin Reserve, it seems that many countries as going to go full Bitcoin and willing to take that big risk and invest on it.
There is too much talk among countries about the strategic reserve of states. This is very similar to the usual hype around bitcoin, but on a larger scale. On the scale of countries. Now, when the price of bitcoin is growing and crypto-euphoria is in the air, these countries are talking about plans to create a reserve in btc. But if there is a noticeable and prolonged fall in bitcoin, then countries can immediately abandon these plans with a reserve (or postpone them indefinitely).

It seems to me that such news should be perceived more cautiously and not succumb to premature euphoria. Don't pay attention to this hype with a reserve for countries. Do what you must (accumulate btc) and come what may (profit in the long term is inevitable).